News
What's new in CAST 2 v2.31
Multiple FCM Order Handler
In some cases a trader has a relationship with multiple FCMs. Each FCM can give the trader access to their accounts by making the trader an Order Handler (OH).
Added "Ignore Order (Expired Contract)" Functionality
This action is available for regular (non-external) orders that have an expired contract.
Implement orders search by 'Batch Request GUID' for Emergency Control page
Support for new orders search criteria (by Batch Request GUID)
Added ability to open order search page from final step of Emergency Control wizard with pre-populated Batch Request GUID in a
Weekly Grain Seasonal Review 3.29.23
Each Wednesday this article will be updated with the current seasonal study using CQG's Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas.
Below each chart are two tables. The first table is the highest correlation of the current market data to the seasonal year using a 20-day, 50-day, 100-day and the 200-day lookback periods. The second table is the previous week's data. Seasonal analysis is about price direction or the trend.
Why is Candlestick Analysis so effective?
Candlestick charts reveal some very powerful truisms. The candlestick chart graphics are based upon the most consistent investment indicator in the world, – human nature. Candlestick analysis has been in existence for hundreds of years. Japanese rice traders have identified signals and patterns that produce expected results based upon investor sentiment. If candlestick signals and patterns did not produce high probability expected results, they would not be around today.
The Japanese rice traders did not become wealthy using Candlesticks, they became ‘legendarily’ wealthy. They were the
CQG 2024 What’s New: Synthetic Spread Strategies Upgrade
Fixed income traders know that FI markets that are yield based products move in the opposite direction as price based products. The Trading Ratios parameter has been upgraded to deal with this.
If you define a spread as SPREAD(Z10Y-Yield(TYA),,,1B:1B) then the additional B in the trading ratio is buying this spread means buy 1 Z10Y and buy 1 TYA. S is also available. Here is a link to the help file.
Two Views of Technical Analysis
First things first, I freely admit that there are potentially hundreds of views of technical analysis. Nevertheless, in this article I hope to clearly outline what I feel are two of the most important and dominant views within the field of chart analysis, namely one of the most popular CTA/Hedge Fund views and that of the Commercial Hedger.
The CTA/Hedge Fund View
One of the most popular views of technical analysis within the Commodity Trading Advisor/Hedge Fund community is that of long-term trend followers. Examples of these players include John W. Henry, Dunn Capital and so
Notes From Underground: How Many `Whatever It Takes’ …
… Does it take to screw up banking systems? For those who may not remember, in July 2012 then-ECB President Mario Draghi said he would use any monetary policy tool in an effort to PRESERVE THE EURO.
During a testimony before EU Parliament on Monday, European Central Bank President Christine Lagarde boasted that the central bank and the EUROPEAN UNION had all the necessary tools to ensure against a banking situation similar to the US and the Swiss authorities. The problem for Lagarde is that EU banks were progenitors of the COCO bonds that caused so many Credit Suisse investors a great deal of
Weekly Grain Seasonal Review 3.22.23
Each Wednesday this article will be updated with the current seasonal study using CQG's Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas.
Below each chart are two tables. The first table is the highest correlation of the current market data to the seasonal year using a 20-day, 50-day, 100-day and the 200-day lookback periods. The second table is the previous week's data. Seasonal analysis is about price direction or the trend.
USDA WASDE Long-Term Projections
CQG's Data Quality team has added USDA WASDE Long-Term Projections to the data base. This data is published each February and the report provides projections for the agricultural sector out eleven years.
The easiest way to find the symbols is to select the USDA - WASDE exchange and search for "proj".
Then scroll the Symbol Finder for the market symbols of your choice. There are 2,376 new contracts.
A CQG PAC is available at the bottom of the post that displays all of the long-term projection symbols in the Quote Spreadsheet V2 for the corn market and is linked to a chart. The price column
30-Day Fed Funds (GLOBEX) Forward Curves Dashboard
This Microsoft Excel® macro enabled dashboard pulls in the 30-Day Fed Funds market data traded on the CME Globex platform.
The Dashboard enables the user to enter in the symbol for the first contract. Use: ZQE+Month+2 digit year, such as ZQEJ23.
There are three forward curve charts. The first one displays the monthly contracts forward curve, the second display is the user selected calendar spreads forward curve, and the third chart displays the user selected calendar spreads forward curve.
Each chart displays today’s forward curve, yesterday’s forward curve, the forward curve 5-days ago, and
Notes From Underground: The Lunacy of Powell’s Inner Volcker
A constant theme at NOTES FROM UNDERGROUND has been that the lunacy of Federal Reserve Chair Jerome Powell finding his inner Volcker belongs in the pantheon of fantasy. As I have said before: Paul Volcker wouldn’t be able to find his inner Volcker in a financial system plagued with HUGE amounts of leveraged risk, coupled with a huge overhang of both PUBLIC and PRIVATE DEBT. And yet FED officials are still out there pondering whether to raise 25 or 50 basis points at the next meeting.
I would bet any FED president there will be a pause at the next meeting as the financial system needs to
Weekly Grain Seasonal Review 3.15.23
Each Wednesday this article will be updated with the current seasonal study using CQG's Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas.
Below each chart are two tables. The first table is the highest correlation of the current market data to the seasonal year using a 20-day, 50-day, 100-day and the 200-day lookback periods. The second table is the previous week's data. Seasonal analysis is about price direction or the trend.
What's New in CQG One & CQG Desktop Version 8.2
Trading/Reporting/Spreader
Added spread/pair resolution in quoteboards
Changed the name of Spread Builder to Strategy Builder
Improved Strategy Builder creating synthetic spreads
Added Max Purchasing Power Limit to Accounts widget
Added column for UserAttributes to Orders widget
HMS/OTC
Configure Bids & Offers: Added Advanced section
Added Cash Order Link column to Orders widgets for sorting
Hedge Account Balance Details: Added location, limit and fills price columns
Added ability to link HAB widget to HOT
Event Contracts
Improved at-the-money strike tracking for improved
CQG Announces Strategic Partnership with Broadridge to Integrate OMS and EMS Technologies
CHICAGO / NEW YORK / BOCA RATON, Fla. – March 14, 2023 – CQG, a leading global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, today announced a strategic partnership with global Fintech leader, Broadridge Financial Solutions Inc. (NYSE: BR) that will integrate the two firms' Execution Management System (EMS) and Order Management System (OMS) respectively. The combination of CQG's front-end trading technology with Broadridge's Order Management System and the NYFIX network will be a first of its kind out-of-the-box
Weekly Grain Seasonal Review 3.8.23
Each Wednesday this article will be updated with the current seasonal study using CQG's Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas.
Below each chart are two tables. The first table is the highest correlation of the current market data to the seasonal year using a 20-day, 50-day, 100-day and the 200-day lookback periods. The second table is the previous week's data. Seasonal analysis is about price direction or the trend.
CQG 2023 What’s New: Mark Center Button
The Mark Center Button when toggled on will place an orange horizontal line on the DOM display when the Center button is pressed.
CQG 2023 What’s New: Market State
A new Data label for Quote Displays: Market State. The Trading Day proceeds through distinct periods, known as market states. A market state defines the types of activity allowed. Market states are managed by the Exchange. For more information please visit the CME as an example.
CQG 2023 What’s New: Range and Renko Charts Update
An additional parameter has been added to the Range and Renko chart: Start Point. Select Session, Week, or Month.
The Roundtable Insight – Jayant Bhandari and Yra Harris on China and Japan Equities, USD and Geopolitical Risks
Jayant Bhandari is constantly traveling the world to look for investment opportunities, particularly in the natural resource sector. He advises institutional investors about his finds. He was a Director on the board of Gold Canyon, a publicly-listed Canadian company, until its merger with another entity. Earlier, he worked for six years with US Global Investors (San Antonio, Texas), a boutique natural resource investment firm, and for one year with Casey Research. Before emigrating from India, he started and ran Indian subsidiary operations of two European companies. He has
Weekly Grain Seasonal Review 3.1.23
Each Wednesday this article will be updated with the current seasonal study using CQG's Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas.
Below each chart are two tables. The first table is the highest correlation of the current market data to the seasonal year using a 20-day, 50-day, 100-day and the 200-day lookback periods. The second table is the previous week's data. Seasonal analysis is about price direction or the trend.
Get Ready for Grain Volatility- Balance Sheets Are Tight Going into the 2023 Crop Year
March is a critical month for the commodities that feed the world, as it marks the start of the planting season. As the snow melts, farmers warm up their equipment, prepare the soil, and plant the seeds that grow into grains, oilseeds, and other agricultural products.
The start of the crop year is a nervous time as the weather across the fertile Northern Hemisphere's plains is the primary factor determining if supplies meet the requirements. Each year, the weather is always the great unknown.
Meanwhile, in 2023, other factors are contributing to the concerns. The ongoing war in Europe's